In preparing its monthly performance report

Assignment Help Financial Accounting

Reference no: EM13906748

For the month of April, budgeted sales were $100,000 and budgeted cost of goods sold was $80,000. Actual sales were $80,000 and actual cost of goods sold amounted to $90,000. In preparing its monthly performance report:

A. an unfavorable cost variance of $20,000.

B. a favorable cost variance of $20,000.

C. a favorable cost variance of $10,000.

D. an unfavorable cost variance of $10,000.

E. None of these.

Reference no: EM13906748

Questions Cloud

Statements about journal entries to record variances : Which of the following statements about journal entries to record variances is true?

Calculate the continuous compound annual rate of inflation : Calculate the continuous compound annual rate of inflation if the index of retail prices was 134.67 on the 1st of January 1995, and had risen to 204.78 by the 1st of January 2000.

How much was the labor efficiency variance : Vanzant produced 1,000 units of output. The production process normally requires 2 hours of labor per unit of output. The standard labor rate is $10 per hour but Vanzant paid $11 per hour. Actual hours needed to complete the production process were 1..

Compute the variable overhead rate variance : Compute the variable overhead rate variance

In preparing its monthly performance report : For the month of April, budgeted sales were $100,000 and budgeted cost of goods sold was $80,000. Actual sales were $80,000 and actual cost of goods sold amounted to $90,000. In preparing its monthly performance report.

Computer science and information system : In the College of Computer Science and Information System, forty students were asked to rate the quality of teaching of his Course Instructor in the class room environment on a scale of 1 to 10 (1 means minimum standard of teaching and 10 means ex..

Segment of organization is referred to as cost center : A segment of an organization is referred to as a cost center if it has:

The standard cost of a unit of product : A product consists of 2 ounces of oil ($2 per ounce) and 1 ounce of powder ($8 per ounce). Each man hour ($24 per hour) produces 12 units of product. Variable overhead is at $4 per labor hour. Fixed overhead is applied at $8 per labor hour.

Find ratio of gravitational force to electric force : An electron and a positron are separated by distance r. Find the ratio of the gravitational force to the electric force between them. From the result, what can you conclude concerning the forces acting between particles detected in a bubble chambe..

User Account

All Pages